Only then found out from them that they’re waiting on the HOA’s info which they assured me its existence and will be included, despite I’d wrote “ N/A “ next to its mentioning paragraph on the escrow acceptance letter.

Enforce Rules and Leases: By enforcing reasonable rules and regulations your community will be regarded as a safe and comfortable environment.

Rather, you are buying the property "subject to" the existing mortgage.

In fact, at the same time (if it has not already been done), I would be adamant that remaining tenants complete a new application immediately to verify their suitability going forward, and meet with each to scrutinize their existing written lease, inspect their premises, and brief them on YOUR interpretation and policies.

I was thinking of offering 149k, subject 2 existing financing as well as paying closing costs, and brining the loan current.

I don't make up non-existent "ghost" expenses.

And amazingly enough when I decline to make said improved offer, the house is reoffered to me soon after at my price, or stays on the market because said offer didn't actually exist (or the other offer fell though, but then the listing status should have changed.)And then there's the do anything to get a sale attitude.

The Homevestors guys I know are currently buying mostly REOs, as the availability of private sellers with equity is nearly non-existent (compared to a couple years ago, that is).So, I imagine these guys are getting very little value out of their Homevestors franchises, despite their franchise requirements to spend large amounts of money on advertising/marketing.

Let's say I'm selling a house with an existing mortgage as a wrap.1.

There are also quite a few that exist for profit, and who will do what they need to to make a buck.